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Finance & Banking

Allen & Overy LLP advises Norddeutsche Landesbank Girozentrale on the refinancing of the Finsterwalde II and III solar parks

09 Aug 2016

Allen & Overy LLP has advised Norddeutsche Landesbank Girozentrale on the refinancing of the Finsterwalde II and III solar parks. The solar parks have a total capacity of around 40 MWp and thus rank among the largest solar parks in Germany. The sponsors are DIF Infrastructure II (DIF) and NIBC European Infrastructure Fund (NEIF), operating as a joint venture.

The favourable refinancing conditions currently available offered an attractive refinancing environment, enabling existing credit lines, which were fixed via a long-term KfW refinancing loan, to be repaid early.

Gleiss Lutz advises bank consortium led by Norddeutsche Landesbank in the restructured financing of Flughafen Berlin Brandenburg GmbH

09 Aug 2016

Gleiss Lutz has been advising a consortium of seven banks led by Norddeutsche Landesbank Girozentrale in restructuring the financing of construction of Berlin Brandenburg Airport (BER) by the airport company Flughafen Berlin Bandenburg GmbH (FBB). On 3 August 2016, the European Commission approved the new financing structure for completion of the BER airport as well as mid-term development of the German capital’s airport.

Nabarro advises on two capital markets transactions as London market remains open for business

09 Aug 2016

Nabarro has advised Allenby Capital, as nominated adviser and joint broker, and new client, Dowgate Capital, as joint broker, on the AIM IPO of Franchise Brands plc, one of the handful of successful IPOs since the Brexit result. Nabarro has also advised Numis Securities as nominated adviser and sole bookrunner on the £30.7m placing (before expenses) by AIM-listed Benchmark Holdings plc.

Clifford Chance advises on the financing of Colombia's Conexión Norte Toll Road Project

09 Aug 2016

Leading international law firm Clifford Chance has acted as New York counsel to senior lenders Sumitomo Mitsui Banking Corporation, The Korea Development Bank, Banco de Crédito del Perú, Instituto de Crédito Oficial, Financiera de Desarrollo Nacional S.A., Banco Davivienda S.A. and Bancolombia S.A. in connection with the approximately US$445 million multi-source and multi-currency financing of the Conexión Norte 4G toll road in Colombia that closed on July 28, 2016.

eircom Completes €200 Million Additional Senior Secured Notes Offering

09 Aug 2016

Simpson Thacher represented eircom Finance DAC, an affiliate of eircom Holdings (Ireland) Limited (“eircom”), in connection with a Rule 144A and Regulation S tap offering of €200 million in aggregate principal amount of additional Senior Secured Notes due 2022. The transaction closed on August 8, 2016. eircom has used the net proceeds from this offering to prepay a portion of the outstanding amounts under its Senior Facilities Agreement.

Reed Smith advises OakNorth on LEON Restaurants financing

08 Aug 2016

Global law firm Reed Smith has advised OakNorth Bank Limited (OakNorth) – the bank for entrepreneurs, by entrepreneurs – on its £19 million corporate financing deal for LEON Restaurants (LEON). The restaurant group plans to use the loan to pursue its exciting growth strategy – opening another 50 sites within the next four years and employing an additional 1,000 people.

The Reed Smith team, led by finance partner Leon Stephenson and associate Maccailein Campbell, advised on all aspects of the corporate loan.

Houthoff Buruma assisted FleetCor Technologies, Inc. in the acquisition of Travelcard Nederland B.V.

08 Aug 2016

Houthoff Buruma assisted FleetCor Technologies, Inc., a global provider of fuel cards and workforce payment products to businesses, in the acquisition of Travelcard Nederland B.V., a leading universal fuel card issuer in the Netherlands, from LeasePlan Corporation N.V.

Houthoff Buruma team included: Jacques Kröner , Maurits de Haan , Philip van der Eijk , Luke van de Laar

Hengeler Mueller advises Groupe BPCE on acquisition of FIDOR Bank AG

08 Aug 2016

On 28 July 2016, Groupe BPCE announced the signing of an agreement with the key shareholders and the founders and managers of FIDOR Bank AG related to the
acquisition of their equity interests in the company. Founded in 2009 by its CEO Matthias Kröner, Fidor is one of the world's first "Fintech Bank", pioneering the collaboration between traditional financial services and technology businesses and having developed an innovative approach to retail banking and a proprietary digital banking platform.

White & Case Advises CDB International Holdings Limited on US$500 Million Medium Term Notes Programme and Drawdown

05 Aug 2016

Global law firm White & Case LLP has advised China Development Bank International Holdings Limited (CDBIH), China Development Bank Capital Corporation Limited (CDB Capital) and CDBI Treasure I Limited (the issuer) on the establishment of the issuer's US$500 million medium term notes programme, guaranteed by CDBIH and with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking provided by CDB Capital, and the subsequent issuance of US$500 million of notes under the programme, which closed on 2 August 2016.

Norton Rose Fulbright advises on bond issuance under Majid Al Futtaim’s US$3 billion Global Note Programme

05 Aug 2016

Global law firm Norton Rose Fulbright has advised the joint lead arrangers on Majid Al Futtaim’s US$300 million bond issuance to be consolidated and form a single series with its US$500 million issuance of May 7, 2014.

The joint lead arrangers included (amongst others) Barclays Bank PLC, Citigroup Global Markets Limited, Emirates NBD PJSC and Standard Chartered Bank.